Monday, October 8, 2012

The Rise of Asia: Martin Armstrong

armstrongeconomics.com / by Martin Armstrong / October 5, 2012
Within less than one year, the United States in its Draconian move threatening to confiscate the assets of any foreign entity that FAILS to report what Americans are doing overseas has so devastated international business it is an understatement to overlook this legislation for it is having the same effect as  the Protectionism of the Great Depression. The bureaucrats have PRESUMED that anything an American does overseas must be illegal and to hide money. This one piece of legislation is devastating in that it has stopped dead the ability of American small business to every expand internationally. Americans can no longer compete in the world economy thanks to the actions of their own country.
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